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RAILROADS 


CIAL CONDITION OF THE PRISON 


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CONVICT WORK ON STATE-AIDED 


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CLASS OF 1886; PH.D. THE JOHNS HOPKINS UNIVERSITY 


STEPHEN B. WEEKS 


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HAPEL HILL 


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UNIVERSITY OF N.C. AT C 


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FOR USE ONLY IN 
THE NORTH CAROLINA COLLECTION 


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WORK ON STATE-AIDED 


RAILROADS 


ALSO 


RALEIGH 


FINANCIAL CONDITION OF THE PRISON 


* ot, *S 


E.M. UZZELL & CO., STATE PRINTERS 


.1913 


P SHLY 


SPECIAL REPORT, STATE’S PRISON. 


To His Excellency, Governor Locx® Crate. 
Sir: 
report of Mr. J. S. Mann, Superintendent of the State’s Prison, 


We have the honor to submit to you, with our approval, a 


showing the condition of the institution on April 7, 1913, when he 
assumed the duties of his office. Accompanying it, and made a part 
of it, is the report of Messrs. Bernard & Goodno, accountants, who 
have audited the books and accounts of the Prison for the period ex- 
tending from January, 1909, to April 7, 1913. 

We beg to report to you that we have personally visited and in- 


spected the State-aided railroads referred to by Superintendent 


Mann, and cordially concur in the views expressed by him in this 


report. In addition to what he has said, we would respectfully call 
your attention to what we consider the unwise and dangerous policy 
upon which the State has embarked in undertaking to aid in the 
construction of various railroads on State account at a time when it 
is unable to respond in full to the demands of its charitable and 
educational institutions for greatest assistance. We would also 
respectfully call your attention to Article V, sec. 4, of our Constitu- 
tion, which says: 

“General Assembly shall have no power to give or lend the credit of the 
State in aid of any person, association or corporation, except to aid in the 
completion of such railroads as may be unfinished at the time of the adoption 
of this Constitution, or in which the State has a direct pecuniary interest, 
unless the subject be submitted to a direct vote of the people of the State, 
and be approved by a majority of those who shall vote thereon.” 

Respectfully, 


Heeb: V ARNER, Chairman; 
N. E. Eperrton, 

R. H. Bucxinenam, 

R. M. Cuatuam, 
THomas GILLIAM. 


REPORT OF SUPERINTENDENT. 


The Honorable Board of Directors of the State’s Prison: 
GrnTLEMEN :—Entering upon my duties as Superintendent of the 
Prison, under your direction, on April 7, 1918, I found a prison 
population of 821. Four hundred and fifty-five of these were upon 
the State Farm, 93 at the Central Prison, and 273 engaged in rail- 
road construction. : 
ae present there are but two sources from which the Prison de- 
rives revenue for its support—the State Farm and the labor engaged 
in railroad work. // Ninety-eight prisoners were at work on the Nor- 
folk and Sout Railroad, under a contract for three months, for 
$1.50 each per day. This contract expired on June 10th, and I 
renewed it for thirty days. Other contracts at the same price for 
labor have been offered me, covering, I think, as many as 300 pris- 
oners; but I have not felt authorized to accept any of them until . 
the requirements of the special acts of the Legislature granting con- 
vict labor on State account could be accurately determined and 
complied with. One hundred and seventy-five men were at work 
on other lines of road, as follows: The Atlantic and Transconti- 
nental, 21; the Elkin and Alleghany, 65; the Statesville Air Line, 
59; the Watauga and Yadkin River, 30. All this labor is on State 
account, and is paid for in certificates of stock at their face value in 
the various companies employing it. The State pays for this labor 
about $6,000 per month. The Prison will need all of its earnings 
for maintenance, and the stock cannot be carried as a surplus. There 
are urgent and persistent demands from some of the roads for addi- 
tional labor, and if these requests are complied with by you, the 
expense to the State will of course be materially increased. 
_-—~ Since the contract for the 98 men on. the Norfolk and Southern 
road has expired, and because a portion of the large force at the 
State Farm may be withdrawn for the next several months, addi- 
tional labor is now available, and, if you so direct, will be imme- 
diately furnished. I am persuaded, however, that a misapprehen- 
sion exists in the minds of many people with reference to the rail- 
road work which is being done on State account. I cannot think it is 
generally understood that the State is paying in cash from its Treas- 
ury month after month for this labor, and that in order to complete 
the roads already under construction this policy must continue for an 
indefinite period, and perhaps at a greatly increased monthly expense. 


» 


Ts the State’s stock in these roads for which it is paying par value 
in cash so secured that it cannot be lost or confiscated? It certainly 
ought to be, and until it is, further cash expenditure for the stock is 
not justifiable. Has the State, through expert engineers, inquired 
into the possibility or the feasibility or the practicability or the 
advisability and the probable cost of construction of any of the lines 
it is now engaged in building? Or is it expending an indefinite 
amount of public funds purely in recognition of the fact that rail- 
roads are good and useful things and the communities which have 
asked for them want them? Private funds could never be secured 
for investment in railroads without the most careful investigation 
of the proposed enterprises, and public funds ought to be expended 
with equal care and caution. It is said that State aid to some of 
these enterprises has been sought and is being used for the purpose 
of interesting and inducing the investment of capital from outside 
of the State. If the State lends its aid to an enterprise for the pur- 
pose of inducing others to invest their capital in it, without sincere 
conviction, after careful investigation, that the investment would be 
safe and profitable, then the State is occupying a deceptive and an 
immoral attitude, and such aid should be withdrawn. Would the 
building of a particular line of railroad benefit North Carolina? is 
one thing. Would the building of a particular line of railroad prove 
a safe and profitable investment for the capital required? is quite 
another. 

The impression seems to prevail in the public mind that for the 
_ past several years the State’s Prison has been more than self-sustain- 
ing, and may be subjected to.many and great burdens without danger 
of again becoming a charge upon the State. Many, if not most, of» 
our people believe that the stock in the various railroads the State 
is now building with convict labor represents this surplus of Prison 
earnings. ‘This is not true, and the impression ought to be corrected, 
in justice to the State, and particularly in justice to the management 
of the Prison. 

_ During the last four years, according to the financial statement con- 
tained in the State Prison Reports of 1909-10 and of 1911-12, the 
average monthly expenditure on account of the Prison has been $15,- 
573.81. The Prison has in the State Treasury to-day no funds with 
which to meet its monthly expenses except the certificates of stock it 
has earned. No further revenue can be expected from the State Farm 
until the present crops are matured, harvested, and sold. If, there- 
fore, our monthly expenditure should prove the same as the average 
monthly expenditure for the past four years, the State will be called 


6 


upon to pay $93,442.86 in cash for railroad certificates from now 
until January 1, 1914. 

Since my aise Raa as your Superintendent, I have visited all the 
railroad work now receiving State aid. 


THE ATLANTIC AND TRANSCONTINENTAL RAILROAD. 


I have visited this work twice. I found 20 (now 18) prisoners 
under a full camp organization and engaged in construction work. 
The tools which the company had provided for the men were thor- 
oughly worn out and utterly worthless Four men were wheeling 
away the dirt and rock from a deep cut in the side of a high moun- 
tain as it was dug up and loaded upon barrows by fourteen others 
with picks and shovels. J was informed that no blasting material 
of any kind had been furnished in many months, and that- neither 
the superintendent nor any one representing him had been upon the 
work in the past three months, and that during the entire three 
years the convict force had been engaged on the line no party of 
engineers had been seen in the vicinity. Considerable work has been 
done along the mountain-side for about 3 miles, but no part of it 
had been reduced to the proper width and grade for the laying of 
track, and for much of the distance only a narrow ledge had been 
excavated. Perhaps a third in length of the excavated line had been 
refilled by a competing company in the construction of their own 
lne some 50 feet above the Atlantic and Transcontinental on the 
same mountain-side. I do not know how valuable this railroad will 
be to North Carolina when it has been completed; I do not know 
how profitable an investment it may prove for the many millions 
of dollars that will be required to build it; I do not in the least ques- 
tion the sinceryty or the motives of those who believe in and are 
promoting it so I do say, without hesitation, that the work the 
State 1s now’ doing upon it is a mere sham and pretenseé In my 
opinion, the honor and dignity of the State is affected by/it. Either 
this work ought to be at once discontinued or the sincerity and good 
faith of our State ought to be evidenced by furnishing an increased 
amount of labor and by requiring the company to equip it with 
proper working tools and to provide blasting material and other 
essentials for effective work, and on a ereled proportionate to the 
undertaking, | 

THE STATESVILLE AIR LINE. 
It is proposed, as I understand, that this road shall be built from 


Statesville, through portions of feral: Yadkin, and Surry counties, 
to Mount Airy. When completed to Monn AGhes it will tap three 


: 


branches of the Southern Railroad, and of course at three distinct 
points, and yet will make no connection whatever with any other 
system. It will operate entirely in the Southern’s territory, and 
should be a valuable adjunct to that system without cost to it for 
construction, equipment, or maintenance. That portion of it which 
will pass through Surry County to Mount Airy must for a consid- 
erable distance practically parallel the Elkin and Alleghany Rail- 
road now under construction with State aid, through the same county. 
Like the Atlantic and Transcontinental, this road has thus far been 
evaded largely with prison labor on State account. I cannot believe 
it a good State policy to build this road from Statesville to Mount 
Airy, touching three branches of the Southern road, and still making 
no connection with another system. Even if the State is financially 
able to make the investment, it seems to me that the best interest of 
the State demands that this line should be made to connect with the 
Elkin and Alleghany, at Elkin, thereby forming a continuous line 
of State-aided road far more valuable than the two lines could possi- 
bly be as merely local propositions. About 12 miles of this road 
from Statesville have already been graded, but no culverts have been 
built and no track has been laid upon any part of it. 


THE ELKIN AND ALLEGHANY. 


This is the oldest of the State-aided roads. The proposed line 
extends from Elkin, in Surry County, to Sparta, in Alleghany 
County, and thence westward or northward. When completed, this 
road will bring a large and valuable territory lying beyond the Blue 
Ridge into closer relations commercially and otherwise with the in- 
terior of our State. About 19 miles have been graded; 13 of this 
have been laid with track, and trains under regular schedule are in 
operation over it. The company has built substantial culverts for 
the entire distance graded, and has purchased and is operating a 
steam shovel which is aiding greatly in the construction work. 

As previously stated, I believe this and the Statesville road ought 
to be made to connect and form a continuous line. If this were done, 
the State’s stock might in the future prove to be a very profitable 
investment. 

THE WATAUGA AND YADKIN RIVER RAILROAD. 


It is intended that this road, beginning at North Wilkesboro, 
should be built to Boone and thence westwardly. I am informed 
that the Watauga and Yadkin River Railroad Company and the 
Grandin Lumber Company combined their efforts to build the line. 


8 


The Grandin Lumber Company is a large corporation with an im- 
mense quantity of timber land in Caldwell, Wilkes, and Watauga 
counties. The road has been built, equipped and trains are render- 
ing service over it from North Wilkesboro about 20 miles to Grandin 
City in Caldwell County, a new town in which is located the im- 
mense plant of the lumber company. ‘The work thus far has been 
done at great cost, almost entirely by the Grandin Lumber Company, 
the State having furnished only a small number of convicts to aid 
in its construction. There were originally 38, now 30. I regret to 
say that the Grandin Lumber Company have recently discontinued 
the employment of.all its free labor on this road and only the 30° 
convicts are now engaged in its extension. I am told that the grade 
of the road from Elkville, where the convicts are at work, to the 
top of the Blue Ridge must of necessity be very great, and the work 
of construction heavy and costly. The exact line up the mountain. 
has not yet been located, and no engineering corps is at present at 
work upon it. There can be no doubt that the road, once constructed 
to Boone, would develop one of the finest sections of the State and 
be of old benefit to all of that portion of North Carolina lying 
west of the Blue Ridge Mountains] If the State is to continue its 
aid to this enterprise, it should increase the amount of labor from 
30 to at least 100 men. If it cannot do this, I am convinced it would | 
be far better to withdraw all aid from it 

If the present policy of rendering State aid to these roads is to - 
be continued, I believe the State’s stock ought to be secured from 
any lability on account of mortgage, bonds, or other indebtedness 
incurred by the companies, unless it be with the express consent of 
the State. I believe in every instance the State should demand that 
the company furnish as much if not double the quantity of free labor, 
or its equivalent in labor-saving machinery, as the State is furnishing 
of convict labor. I believe the State should employ a competent 
engineer to carefully investigate the engineering problems on every 
line of road it is helping to construct, and to.make up and furnish 
an estimate of the probable cost of ver construction. With these 
measures of precaution taken, and the State’s stock fully secured, I 
would recommend that every available convict in the Prison should 
be assigned to the work and the construction of the various roads 
completed as soon as possible. 

In the Biennial Report of the State’s Prison for the years 1911- 12 
in his Financial Summary, on page 5, the Superintendent Says: 


Our Biennial Report of 1909-10 shows, on January 1, 1911, we had in the 
Treasury to our credit a balance of $88,343.77. Our deposits since January 1, 


9 


1911, $495,646.36; add to this $88,543.77 on hand January, 1911, and you haye 
$583,990.36; add to this $71,500 cotton, corn, cotton seed, and peanuts on 
hand and $11,896.57 paid out for the care of the dangerous insane, $7,000 
solvent credits, $54,000 replacing dykes, reclaiming land, and $9,000 due from 
railroads on December work, and you have a total of $737,385.93. Take from 
this our ‘disbursements, $881,519.12, plus amount on hand January, 1911, 
$88,348.77, and $115,239.79, 1910 crop sold after January, 1911, and included 
in our deposit column, and you have left $152,284.34, which represents the 
total earnings of the State’s Prison for the years 1911-12. 
J. J. LAUGHINGHOUSE, Superintendent. 


On page 18 of the same report, under the heading, “Financial 
Statement,” is the following: 


Poet loti» Torvbalance in: Treasury: iyieenc) eos bee s $ 88,348.77 
ae. 1918; “Assets 4.3%). teh ee eee ee ew eee ctor ees 292,329.80 


If we deduct the balance, as stated above, from the assets, as also 
stated, there would remain $203,981.03 as the total earnings of the 
Prison for 1910-11. 3 

Since both of these reports seem to have been approved by the 
Board of Directors, notwithstanding the discrepancy of $51,696.69, 
it was deemed proper to have the books of the’ Prison audited. 
Messrs. Bernard & Goodno, accountants, were employed for this pur- 
pose, and their report is herewith presented to you on a separate 
sheet and made a part of this report. 

Respectfully submitted, 


J. S. Mann. 


REPORT OF ACCOUNTANTS. 


/ 


Raveign, N, C., Julyct 19a 
Mr. J. S. Mann, Superintendent State’s Prison, 
Raleigh, N. C. 

DEAR Sir:—In accordance with your instructions, we have examined the 
books of the State’s Prison for the four years, 1909, 1910, 1911, and 1912, and 
find them substantially correct. 

The method of keeping the books is rather irrational, and appears to have 
been devised with no very clear conception of the results which can and 
should be obtained. 

The bookkeeping itself has been somewhat lax, and, generally speaking, the 
facts recorded are too inaccessible for everyday use. 

The introduction of a simple, rational, and scientific system of bookkeeping 
would reduce the labor involved under the present system and put you in 
possession of any facts at any moment. 

Appended are the schedules showing the financial condition of the Prison 


for the period investigated. 
Respectfully submitted, 


BERNARD & GOODNO, 


Per CHARLES N. GOODNO. 
Work executed by 


JOHN EH. HALSTEAD. 


is 


SUMMARY OF RECEIPTS AND DISBURSEMENTS FOR YEARS 
1909, 1910, 1911, AND 1912. 


1. According to the State’s Prison Reports. 


Receipts. Disbursements. 
OUP. SALE BN CAD BEG) Pra Ts els el AAR CRE nec ATR a OS $182,657.49 
Oh cubs. eS URE ag es ipl Epi ene AES du SMC ari en Bt Ee Be SL 184,896.91 
OO ECB GAL a Ae GORE eh a ie Ae SRE GRE Ge UL 198,500.33 
(TR PUI WER IGPU og LE Es La OS 2 a a 181,498.32 
Bs UN SIE rane Chace led i IGN pean Gat hen Rol, $747,548.05 
2. According to State’s Prison Cash Book: 
OSE SURI eA 8 Naa le ts A ok A a a A $159,512.57 
SLC HDL oc kc “eo ala 2Ts ald aa tehg a ala A cagokaunia bade @ 200,650.06 
SOL OO) Ls cw a cole eco BAe era Pk BPG Ne en pa ete 192,525.69 
SAPS CY Oh tI N gare eek one is Wea yee eee kik ak wrehe 186,290.44 
Revere 5 at rata ee ee ed ies Balen oa $734,978.76 
3. According to State Treasurer’s Books: 
EN EL fie ck yo, chalviate, araveieia. crcl GGue a ote + De ste oes $155,481.19 
LASSEN) Beira fo) cae sae sreteds Wott tok ok aiseie «Suid ka WS wha gate whe 199,382.15 
IE ey) (ed Ph eb osc wiaie a's's es ee diane 193,760.72 
NE Clg ac cause anoutdes doaneh doa eyewwhGhe eee Boar's uw are s 186,421.83 
EM eh. Tanne oda Ale ole o].S saute lle: 6» 1 eth a eles tape a aye, OLL).Oo 


REMARKS.—Looking at the receipts, the apparent discrepancy between the 
figures of the State’s Prison books and those obtained from the State Treas- 
urer’s books is explained in this way: The certificates of stock which the 
State’s Prison receives from the various railways in payment for convict 
labor supplied to the latter are not acknowledged as cash receipts and, conse- 
quently, are not entered as such on the books of the State Treasurer. The 
amount of railway stock received by the State’s Prison and turned over to 
the State Treasurer is as follows: 


meen Se ne U8 50,000500 
RE eae 58,000.00 
es Sete ee IS 54,765.00 
| RRR 0 a ee a a 55,300.00 

$218,065.00 


In/fact. so far as we could ascertain, we did not find any record on the 
State Treasurer’s books wherein the State’s Prison is given credit for the 
certificates of stock given to the State Treasurer. 

If to the $665,216.06 acknowledged as cash, we add the $218,065 worth of cer- 
tificates of stock, we get a total of $883,281.06, which practically agrees with 
the receipts as shown by the State’s Prison books. 


12 


Turning to the disbursements, we find that according to the biennial reports 
embracing the years 1909 to 1912, inclusive, there was an aggregate disburse- 
ment of $747,548.05 as against an actual disbursement of $734,978.76 recorded 
in the State’s Prison books. Evidently the difference of $12,564.29 is accounted 
for by the inclusion of the January, 1913, disbursements. The reason for 
including the January, 1913, disbursements is obvious, but as it is a physical 
impossibility to pay 1913 disbursements in 1912, the proper way of recording 
this item of $12,564.29 would have been to call it “Accounts Payable,” and - 
consider it as a liability. 

Apparently, the State Treasurer has disbursed $67.18 more than is recorded 
in the State’s Prison books. As the discovery of this discrepancy would take 
up too much time, it was deemed inadvisable to go into further detail. 


FINANCIAL STATEMENT FOR FOUR YEARS, 1909, 1910, 1911, AND 1912. 


Corrected -balance.on hand. Dec."81, 1908 eee oe aj oik ote ore eet os eee ee 
Receipts: tors yearsys1909-10-D1 12 oe sey sees aha iotaus weve aoe ie ue veneer 883,281.06 . 
$1,025,975.87 
‘Disbursements Tor years 1909-10-11-12)5 2. oun... 0 os eee 735,045.89 — 
Balance on hand ‘Dec SiG Sree oe nee ee ee ee $ 290,929.98 
Deducting balance: on, hand -Dec.-31., 1908) 4... cen eee acnenae se 142,694.81 
We get total: cash earnings for four years.................- 148,235.17 


REMARKS.—The total amount of the certificates of stock up to December 
31, 1912, was as follows: 


Mann Administration: 


Mattamuskeet ......... Bie this th sterstabe Mia ean ta aiia, Md eeee $ 37,000.00 
Wikinwand: Alleghany. cis. tu arucs cave eaieumeae Rieieneteheatnees 36,000.00 


——§$ 73,000.00 
Laughinghouse Administration: 


WAACTATHUSK COE ce LiFe Ee a aaelete dG Rib teint eRe uc Coe meer Te $ 61,765.00 

Mien and A lléghariy Coe ee oe hes ee eee 105,000.00 

Statesville (Air “ine ion. soe caueen rea eeteieeaa ne aes 38,500.00 

De wAUAnie  ranscontinental iaaekise are oe heen 12,800.00 
218;065.00 
$291,065.00 


If we deduct this amount from the balance as shown above on December 
31, 1912, we have a deficit of $135.02, which approximately agrees with that 
of the State Treasurer as shown below. 


13 


RECONCILIATION STATEMENT OF CASH BALANCES, 


DECEMBER 31, 1908. 


1. As obtained from State Treasurer’s Books: 


Caen On a nom Weert ber GOS Us ies scare Shs rd ME aa $10,643.49 
Add Dec., 1908, receipts not credited................ 68,108.24 
3 ———_— $78,751.73 
Perea ouchiers Outstanding: Dec) OL LOO8 ocr wie) ela atale cle al ajo) s/cl's 9,056.92 
$69,694.81 
2. As obtained from State’s Prison Books: 
isaranee Ol hand) Dec: Sl; 1908 0... ures bead ole leks $141,356.70 
Less certificates of stock : i 
PCE AMIS IO TOT ee ec ts lofale s caylsty tous cher eis: ios 37,000.00 
Peecieanid, A llerhany iy. ies ees be ere oes 36,000.00 
—— 73,000.00 


$68,556.70 


REMARKS.—The above shows the State Treasurer to have had more cash 
on hand than is stated in the State’s Prison cash book. AS we have not inves- 


tigated the period preceding December 31, 1908, we cannot definitel 


y explain 


this difference; but in any case, it shows the balance on hand December 31, 
1908, was understated in the State’s Prison books, and should have been 


$142,694.81. 


RECONCILIATION STATEMENT OF CASH BALANCES, 
DECEMBER 31, 1912. 


3. As obtained from State Treasurer’s Books: 


Cash overdrawn, Dec. 31, 1912. Par etuie’ Ghalets Ria iiulcen Ue Ch eoey ob 
Add Dec., 1912, receipts not credited.............. 5,825.21 
POPC OTO LAT ca uct hc MR Nele Le bic gam a se $ 38.00 
ieee vercners outstandine. Dec. S1, 1912. ke aii wd ok eles s 95.72 
Pee Total overdraft... 2s .6.s0e: PEARL Aa aa 8 SHC iE ve mae ee piel ae 
4. As obtained from State’s Prison Books: 
Corrected balance on hand 12/31/08. .00 0 ian 5 os  $1425694,81 
Less certificates of stock: 
Pe PA TNISI CCE 50). owes coe ie ok + Wale se 04,000.00 
Pomona Alleghany. le 36,000.00 
73,000.00 
— —§ 69,694.81 
eC COL Sem 1 OD TT cece esac ei eSebeva lorie ales bahslels of POBO OSL. OG 
Less certificates of stock : 
DEALEAIIUSRCOL Unis sitlee OL ae cotta ede O11 G0200 
Pikingano A Heohanye vacate bi sie 105,000.00 
Statesville PAIRS RESIMG ol eee co shee ocets 38,500.00 
S. Atlantic Transcontinental......... 12,800.00 218,065.00 
. —_———_— —$665,216.06 
$734,910.87 


PISO SOT OTILS LOM On) Vader tae cy crehine eng a tel lis Mu COL Darel 735,045.89 


COV OPEL ai Nur ere ah cies sinc: TES danL Comes eRe Sie caer Ck toh Ys OWN Fo) $ 


135.02 


14 


REMARKS.—The foregoing statements agree pretty closely, and it was con- 
sidered inexpedient to go into further detail. It is also quite clear from the 
foregoing figures representing the balance, or rather the overdraft, in the 
Treasury, that the certificates of stock to the value of $291,065, which have 
been turned into the State Treasury, have not been considered as having any 
cash value on the books of the State Treasurer. 


CERTIFICATES OF STOCK RECEIVED IN PAYMENT FOR CONVICT 


LABOR. 
1908. 

To Dec. 31. Wilkesboro and Jefferson Turnpike*................. $ 63,810.00 
Mattamuskeet] Ry. 00s. 6 ere os ee eee ee ee 37,000.00 
Elkin and) Alleghany “Ry, Co.s.. «ssh een cee eee 36,000.00 

$136,810.00 
1909. 

Jan. toeDec.“Mattamuskeet Avy. (COse ui, crcasiece octane bone ceteris en neers $ 26,000.00 

Hilkin and AlleghanyoRy Col. keee oc ur eee 24,000.00 
$ 50,000.00 
1910. 

Jan, .to; Dec: Mattamuskeet Ry. Gos. oon... cu See ie foals so cee ee ee 
Elkin cand: Alleghany Ry. Gosh. ws.cctc emt ie cele nero 30,000.00 
StatesvillecAin- Line. 2 58.2. 3c ie ah ts hs a eae 1,000.00 

$ 58,000.00 
1911. 

Jan. to Dec. Mattamuskeet? Ry: iCoi 2. an, eae wens ei ae ee $ 8,765.00 
likin and Alleghany -Bysi COR. Sc secs ee eee 26,000.00 
Statesville Abr) Litiess 22. 3.4.2. 2 oes wine ne nn Soe 18,000.00 
S.. Atlantic ‘Transcontinental Ry; 2.442.292 nes ee ee ee 2.000.00 

$ 54,765.00 
1912. : 

Jan. to Dec. Elkin and. Alleghany Ry: Colin. 000. 2 cc ohn oe eee SO, ee 
Statesville ‘Air sbine®, = 7028 Woah ie eee ee 19,500.00 
S: Atlantic*[ranscontinental Ry... os 2a. ecto enters 10,800.00 

$ 55,300.00 
1913; 

san. to July. Elkin -and “Alleshany. Ry... Co.. 2202 te jes we os ee carers sch tier re 
Statesville Airy DING. 2 cies ele ate es a hed oat eae ee ee 19,100.00 
SS: Atlantic franscontinental *Ry. 2 wa ena ee coer 3,000.00 
Wataucatand’yadkin River Ryy Cos oc... nes 3,000.00 

$ 25,100.00 
Grand utota lee is eel ae case eee eo ce eens $379,975.00 
FLessecash “from | State: (DredsSurer yec. soso sie ee 63,810.00 


$316,165.00 


15 


SUMMARY OF RAILROAD STOCK TO JULY 1, 1913. 


DAUCAIDUSKEELMIR VET COsce Uo late cre) Min aveii tc cin cpp aeaein elena: yo $ 98,765.00 
Ten Gre ALIOS DAN Vier ane tere ike sha eee eccn eek ee Ae Pig aay 150,000.00 
EULCS Vem AT TE LLM Wa ak arene treaty 5) aS awa Cian e moat Wivice abe 48,600.00 
SOULE ATIANEes  TANSCONTINENTAI. 62 sigheleiecl ss cue lee ees 15,800.00 
WVctealio drat ler YHOKIN STA VOT s ocuce tose excel abe Son se eree es 3,000.00 


$316,165.00 


2 Sh ese i <2 09 ae 


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